Bofa credit score approval

[Anonymous]

First of all thank you to everyone for even reading this. I am looking to apply for a new card in a few months to transfer a balance. I know boa pulls experian and I have heard the cards grow. Also I have a car loan with Wells Fargo for three years that has always been paid on time. Has anyone been approved for BOA cards and had a mid 600 score? Don't want to waste a hard pull so figured I would ask the forum. Thanks!

[Anonymous]

Is there a specific reason you want BofA? I remember being approved in the up mid 600's for a BOA card, but if your scores are really mid 600 I think Capital One might be a better choice if you're looking for a higher limit and an introductory lower APR. Capital One cards definititevly grow at least a little, if not a lot. The only real con I can think of compared to BOA is that Capital One is a triple pull.

That being said, my BOA cards generally have the lowest actual APR.

[Anonymous]

Mostly because my experian score is the highest right now and that is who they pull and I need to actually transfer a balance that I am never going to be able to pay off through capital one after I was hit by a bus back in May because they refuse to lower the apr from 24% even though they keep increasing my limit. just want to be able to breath without paying so much in interest.

[Anonymous]

By mid 600's I mean exp-628 transunion-615, and equifax 600. Still waiting for an update from paying a card completely off and a bunch of limit increases.

[Anonymous]

I don't think you should put all your eggs in Bank of America's basket as far as which CRA they pull. I apped with them a few months ago and they pulled Exp and Trans. Perhaps others could offer more advice, but I'd be wary of investing much into your current idea. For example, you may apply and be approved at BOA only to be hit with a 500$ limit, which probably wouldn't be very useful for a balance transfer. It's hard to make any useful financial planning when you're relying on a plan with so many variables. You said you have an auto loan with Wells Fargo thats in good standing, would it be possible to consider a personal loan instead of a credit card if a lower APR is what you're moslty interested in?

Hope it helps.

[Anonymous]

Hmmm never thought of it like that. Only issue I am having is from my research Wells Fargo is super conservative. I am just not sure about not getting hit with a high apr personal loan. Crappy thing about the credit world is there are no absolutes unless you apply. I have just heard people getting in with boa at 500lkmit and with responsible use it grows exponentially.

[Anonymous]

Scores are only one part of the equation. What is causing yours to be low?

[Anonymous]

Some medical collections and high utilization at this point.just paid a card off that was at 92% off so waiting for that to update

[Anonymous]

definitely want to wait for scores to update with low utilization if you are at all iffy on being approved for a new app. I was reminded of this just this week after applying for what I thought would be a SP CLI from US Bank... completely forgot that I am waiting for ~ 5k CLIs and -1800 balance to report... whoops! live and learn.